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Questions and Answers
Which of the following is a common way to read financial statements?
Which of the following is a common way to read financial statements?
- Comparing them to prior periods (correct)
- Comparing them to unrelated companies
- Comparing them to unrelated industries
- Comparing them to unrelated financial metrics
What do comparative income statements show?
What do comparative income statements show?
- A company's income for the previous year (correct)
- A company's income for the current quarter
- A company's income for the current year
- A company's income for the next year
Why do analysts compare financial statements to other companies?
Why do analysts compare financial statements to other companies?
- To determine a company's health (correct)
- To understand financial jargon
- To evaluate industry trends
- To identify changes over time
What can comparing financial statements to competitors help identify?
What can comparing financial statements to competitors help identify?
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What are some examples of financial statements?
What are some examples of financial statements?
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